Medical & Health Market Research Reports

In today’s modernized era as there has been a drastic change in our lifestyle there has been an outburst in the medical and health industry. The medical industry manufactures electro therapeutic and electro medical apparatuses such as medical ultrasound equipment, hearing aids, magnetic resonance images as well as eradication tubes and apparatuses such as medical therapeutic and diagnostic, industrial, scientific and many more.

The global medical industry is going to experience tremendous growth in the coming years with a range of development and investment opportunities for companies looking out to enter in this industry or to expand within.

Particularly in India the top four medical industry participants hold a share of about 58.7% of the total industry revenue; this indicates that there is medium level of industry concentration. Small companies are common in this industry and these small companies are specialized in developing and manufacturing products and technology for a niche area. The larger players in the market often look forward to get their hands on these companies in order to enlarge their product offering or get access to a certain technology. During the past few years consolidation has swept the industry which has caused many companies to decline by 5.1% on an average.

Healthcare industry is one of the largest sectors in the country both in terms of revenue as well as employment. This sector consists of medical devices, hospitals, health insurance, medical equipment etc. The Indian healthcare delivery system is basically classified in two components i.e. private and public. The public healthcare system which is run by the Government works towards providing basic healthcare facilities in the form of primary healthcare centers in the rural areas of the country. India’s advantage lies in its large pool of well trained medical professionals. It has also a cost advantage as compared to Western countries and Asia relating to the cost of surgery in India.

It has been estimated that the Indian healthcare industry is worth about 65 billion out of which healthcare equipment and hospital supplies is about 5 million. There is a momentous scope for enhancing the healthcare services taking into account that healthcare is spending as the percentage of FDP is rising. Rural India accounts for about 70 per cent of the population in the entire country is going to have huge demand of healthcare and medical products in the near future.

It was 2008 when Illinois released a law that after a decade stays as the toughest biometric privacy standard in the country. The BIPA (Biometric Information Privacy Act) impose tough rules on how the firms are able to gather sensitive information from the body of individuals that needs the consent of the person before getting any of the data such as fingerprints.

For Long, there is been a lot of uncertainty in terms of legalities in the United States about the cryptocurrency, but Ohio took a step ahead. Recently, it has become the first state to accept Bitcoin to pay the taxes. As noted by the WSJ (Wall Street Journal), this benefit will be restricted to the businesses and is not going to directly participate in the Coffers of Ohio, in Bitpay, an Atlanta-based firm, that

Last year, there was little interference for jobs in India but the scenario of jobs looks better in 2018. This year, there is hope for more than two lakh jobs in the information technology sector.

According to data, the Indian employment market is undergoing a rapid change and its credit goes to the emergence of AI, and Employees may retain their jobs by improving their skills in this transition period.

People undergoing mental health issues can reinforce their psychological well-being via mobile apps, a new survey claimed. The study, posted in the journal JMIR Mental Health, claimed that users who grapple with emotional and mental health issues feel like they fall short of control. People must take confidence amongst themselves that the mental healthcare apps can be effectual simultaneously. These apps are appe